The pandemic and other factors have contributed to worsening mental health conditions for a number of Americans since the beginning of 2020, but particularly so for young people. There is a growing consensus that youth mental health – more than ever – is a serious issue, as an estimated 31% of American parents have children […]
Spero Health opens doors to two new locations Substance use disorder (SUD) treatment provider Spero Health has expanded its footprint with two new locations in Ohio and Virginia. Spero’s Ohio clinic is located in Akron, in the eastern part of the city, and offers in-person and telehealth services. The clinic accepts most commercial insurances as […]
One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
The Carlyle Group (Nasdaq: CG) is reportedly considering a sale of its teen rehab business Newport Academy, according to PE Hub, which cited sources familiar with the process. The upcoming sale is expected to yield a valuation of more than $1 billion dollar, the publication further reported. With locations across the East and West Coasts, […]
California behavioral provider names CEO Sacramento, California-based Community Psychiatry, an outpatient behavioral health provider, has named Christopher Brengard as its CEO. He replaces outgoing CEO Ken Kelly. Community Psychiatry has more than 40 locations across the state of California, where it provides mental health services. Before joining the company, Brengard most recently served as chairman […]
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